so imagine if instead of say gold mining which costs about $900 of labour, diesel, slice machines, loader tricks and diggers.. per ounce
where market rates are about 2x of underlying cost(value)


imagine of gold could be mined in someones back yard for $1 an ounce.. using a spoon and coffee filter paper

do you think gold would remain at a market rate of $1700

well
Ethereum just changed its mining underlying costs


from over $900 to under $50

i will let you discuss how much of a X multiple 'speculation bubble factor'. the market should remain at

enjoy the thoughts..

oh slight hint.. expect ethereum price to continue to decline until it corrects to a good value new low